Employee Retention and Turnover Solutions

Bonusly

To solve employee turnover, we look at employee retention best practices and organization-specific strategies. Defining and communicating your EVP improves both recruitment and retention. Compensation has less to do with retention than most people believe.

What Is Employee Turnover and Employee Retention?

Bonusly

When we talk about employee turnover, we mean the number of employees who leave an organization over a specified timeframe, typically one year. On the other hand, employee retention is number of employees an organization keeps during a given period. Who is responsible for turnover?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

How do I calculate my turnover rate?

Stratus

You know your company has a turnover problem and you’re tired of the transient work environment and unnecessary costs it’s created. What’s the formula for calculating my company’s turnover rate? Number of departed employees/Average # of employees) X 100 = Turnover Rate.

3 Employee Retention Best Practices

Achievers

We’ve all faced retention struggles : turnover, absenteeism, low morale and sluggish productivity. Here are the most effective employee retention best practices that reinforce productive behaviors and deepen job satisfaction.

How do I calculate my turnover rate?

Stratus

You know your company has a turnover problem and you’re tired of the transient work environment and unnecessary costs it’s created. While you would love to develop initiatives to increase retention, you first need to figure out what your current turnover rate is so you can monitor the progress of anything you implement. What’s the formula for calculating my company’s turnover rate? Number of departed employees/Average # of employees) X 100 = Turnover Rate.

Causes of Employee Turnover

Bonusly

Turnover is influenced by many factors that generally come from two directions: external forces and internal forces. We’ll start with external forces, though, because it helps to be aware of how much they contribute to fluctuations so that you can make effective decisions about retention.

The High Cost of Employee Turnover

HSD Metrics

Employee turnover is something that many businesses wish to minimize as it helps to keep a cohesive, experienced team with the company. What many do not seem to realize, however, is how much money employee turnover is actually costing the company. Annual Cost of Turnover.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. In most industries, pay ranked third in importance out of the top 12 turnover causes.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. In most industries, pay ranked third in importance out of the top 12 turnover causes.

American Blue Ribbon Holdings Saves $3.2M by Reducing Turnover

Outmatch

See how they’ve improved turnover at the hourly and management levels—and how much they save each year by selecting the right people for their restaurants. by Reducing Turnover appeared first on OutMatch.

How one trucking industry CEO is solving the turnover problem

PI Worldwide

Turnover in the trucking industry is a problem—a 77% of employees leaving kind of problem. While the average turnover rate across industries in the U.S. hovers around 18% , the trucking industry struggles against an impending talent shortage and the threat of a turnover rate that continues to climb. How is it, then, that one CEO manages to operate a trucking business with an annualized turnover rate of 28%? Request a demo.

ExitRight® Norms and Retention

HSD Metrics

Data-driven Ways to Improve Retention. Our article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. Contact us to schedule a live demo or call us at 800-295-1863 to talk with an expert.

ExitRight® Norms and Retention

HSD Metrics

Data-driven Ways to Improve Retention. Our recent article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.

Top Five Turnover Causes in Healthcare

HSD Metrics

Top Five Turnover Causes in Healthcare. Human resources professionals and their senior teams are keenly aware that turnover comes at a high cost. Employee turnover also has a rolling effect throughout any company. Would you like to learn more or schedule a free demo?

7 employee retention strategies from employee experience visionaries

Qualtrics HR

However, employee turnover is in many industries is high and costly in time, money, and resources. Request a demo of the Benefits Optimizer today! The post 7 employee retention strategies from employee experience visionaries appeared first on Qualtrics.

Workplace Flexibility Helps Employee Retention

HSD Metrics

Many workplace flexibility options are no- or low-cost solutions that can be used to provide a more attractive work-life balance for employees and reduce turnover for the employer. Higher Employee Morale: Having more flexibility lowers absenteeism and even employee turnover.

3 Steps for Reducing Employee Turnover

HRsoft

So, what can organizations do to start reducing employee turnover? The Wall Street Journal cites this as one of the first steps for boosting retention. HRsoft’s STAYview software can boost retention with highly effective yet simple manager tools.

Are You Using These 5 Proven Employee Retention Strategies?

Kazoo

Recently, Kazoo’s Director of Employee Experience sat down to discuss employee retention strategies in 5 Tried-and-True Ways to Boost Retention , a webinar based on the latest industry research and Kazoo’s first-hand experience with helping hundreds of organizations. Below, we touch on the employee retention secrets mentioned in the webinar. Poor onboarding leads to poor retention — a SHRM report found turnover can be as much as 50% in the first 18 months.

Sapling - 4 Core Steps towards Decreasing Employee Turnover

Sapling

Employee Turnover is often considered bad news. However, too often do our employees turnover for the wrong reasons. Unhealthy employee turnover is costly, can give your company a bad rep, and is highly contagious. what should be at the core of your employee retention strategy?It

Restaurants Have a Turnover Problem – Here’s the Solution to Curbing Quit Rates

AllyO

Turnover. Better Onboarding and Orientation Leads to Lower Turnover. Any HR leader worth their salt in the corporate world knows that a structured onboarding process equals improved employee engagement, better retention rates, and even a boosted bottom line.

How to Combat a High Turnover Rate - Sapling Blog

Sapling

Given the competitive talent landscape, employee turnover rate is one of the most important HR metrics to track, analyze, and optimize. average turnover rate around 10 percent is considered healthy to maintain an influx of fresh ideas, but often varies by industry or role. Get Demo

Succession Planning for Employee Engagement and Retention - Sapling Blog

Sapling

Career development is often cited as a top reason for employee turnover. Succession planning is arguably just as important for the future of your company as it is for employee engagement and retention. Get Demo

How Stay Interviews Can Reduce Employee Turnover Rates

HRsoft

It begs the question: Can management do more to boost retention? While these employee turnover rates may indeed be part of a national statistic reflective of today’s changing business landscape, that doesn’t mean you can’t improve retention within your own company.

Handling Employee Harassment by Customers

HSD Metrics

We offer several survey solutions, including our StayRight program to help strengthen your employee retention, and ExitRight® to provide insight into turnover benchmarks and more. For more information on our survey products, or to schedule a demo, contact us today.

The Future of Recruitment is Retention - Part 2

TalentCircles

By Jessica Miller-Merrell Check out part 1 of our recruiting retention series by clicking here. They’re also shifting their focus to be around employee retention in general. As a recruiter, retention is powerful. Take a product tour or request a live demo today.

Handling Conflict between Different Workplace Departments

HSD Metrics

Using exit interviews, like ExitRight® , will give your company turnover benchmarks and analytics, so you are able to effectively improve your employee retention for others. For more information on our available survey solutions, or to schedule a demo, contact us today.

Bridging the Generational Gap between Employees

HSD Metrics

Offensive jokes can lead to bad morale, turnover among employees, or even worse, potential legal problems. Help to reduce employee turnover by taking the time to know your employees and their skills, knowledge, abilities and unique capabilities.

Who’s the Real Flight Risk? Why Employees Leave (And Stay)

Achievers

Demo Request A Demo. Employee Retention. Employee Retention. Employee Retention. Her 2018 book, Staying Power: Why Your Employees Leave & How to Keep Them Longer , helps employers better understand today’s new workforce and improve employee retention.

Working Smarter Means Organizations Need to Personalize Work

HR Bartender

The results are evidence-based insights on a daily basis into those activities that challenge organizations every day, like absenteeism and turnover. Employee Engagement Recruiting and Retention Technology and Social Media employee engagement technology

Keep Educators Engaged & Encourage Positive School Culture

HSD Metrics

At HSD Metrics, we offer several survey solutions to help you improve retention and encourage a more positive atmosphere. For more information on our survey solutions, or to schedule a live demo, contact us today.

The Future of Recruitment is Retention - Part Two

TalentCircles

They’re also shifting their focus to be around retention in general. This is because we’re now in a job seeker’s market , and the competition to attract the best candidates is a great reminder of why retention truly is the future of recruitment. As a recruiter, retention is powerful.

Keep Educators Engaged & Encourage Positive School Culture

HSD Metrics

At HSD Metrics, we offer several survey solutions to help you improve retention and encourage a more positive atmosphere. For more information on our survey solutions, or to schedule a live demo, contact us today.

4 reasons to promote from within & when to hire externally

PI Worldwide

The 2019 Employee Engagement Report found that one of the top drivers of turnover intent is lack of career growth opportunities. Book a demo. Employee Engagement Retention & Turnover Team Development

Planning for 2019

HSD Metrics

If you’re not sure where to begin, one easy resolution to start in 2019 is solving for your company’s employee turnover issues. Why Reduce Employee Turnover. The first step to reducing employee turnover is to understand why it is occurring.

10 Strategies for Recruiting In a Highly Competitive Job Market

HR Bartender

For a free trial or demo of their product , visit their website. Recruiters should help hiring managers understand the connection between cost per hire, turnover, and the hiring process. Recruiting and Retention Strategy and Planning Technology and Social Media technology